Uncertainty in the business environment resulting from policies of the new U.S. administration
First written in FY2017-Q3. 2 of 6 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 14 of 18 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- 2026-08-07RestatedRevisions to earnings forecasts
「Given concerns including prolonged increases in raw material and fuel prices, rising prices, an economic slowdown caused by weak domestic demand in China, unstable Japan-China relations, and downside risks to domestic and overseas economies arising from U.S. trade policy, we expect the challenging business environment to continue.」
Downside risks to domestic and overseas economies arising from U.S. trade policy continued to be cited as a concern. - FY2026-H1WorsenedAnnual report
「Including uncertainty surrounding domestic political developments and policies and the impact of U.S. trade policy, a downturn in the domestic economy is a concern going forward. In the global economy, the outlook is expected to remain uncertain, owing to the rising risk of a slowdown due to U.S. trade policy and the protracted conflicts in Ukraine and the Middle East, among other factors.」
The description of the new U.S. administration's trade policy has become more forceful, changing from concerns about its impact to an increased risk of a slowdown, while concerns about a downturn in the domestic economy and protracted conflicts have also been included. - FY2025U.S. trade policy re-emergesAnnual report
「Including the impact of the new U.S. administration's trade policies, a downturn in the domestic economy is a concern going forward.」
The policy risk associated with the new U.S. administration, which had disappeared from the disclosures once before, was explicitly identified again as the impact of trade policy and tariff increases. - FY2020DroppedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend as corporate earnings and the employment environment improved, but remained in an uncertain outlook as COVID-19 began to have a significant impact on the Japanese economy.」
The new U.S. administration's policies are no longer specifically named in this filing's description of the economic environment. - FY2017RestatedAnnual report
「During the fiscal year, the Japanese economy remained in an uncertain outlook due to concerns about slowing growth in emerging-market economies, particularly China, the UK's withdrawal from the EU, and the policies of the new US administration, among other factors.」
The impact of the new U.S. administration's policies continues to be identified as a factor contributing to the uncertain outlook for the economic environment. - FY2017-Q3First statedAnnual report
「During the nine months ended 31 December, the Japanese economy remained in an uncertain outlook due to concerns about slowing growth in emerging-market economies, particularly China, the UK's withdrawal from the EU, and the policies of the new US administration, among other factors.」
The impact of the new U.S. administration's policies is cited as a new factor contributing to the uncertain outlook for the economic environment.